Under the 12MP, the government expects real GDP growth to come in at between 4.5% and 5.0% per annum during the 12MP period, compared with 2.7% in the previous plan period when it did not have to contend with the aftermath of lockdowns.
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) believes greater clarity to development planning is not only necessary to reshape the economy in the post-pandemic era, but more importantly, to tee up the private sector of things to come.
In its analysis of the 12th Malaysia Plan (12MP) on Tuesday, it said: “Until we see greater details in the 12MP, we expect the private sector to remain timid, taking a wait-and-see stance”.
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